Well they enjoyed a historical return off of the people who bought too late. It’s not like their money spawned out of nothing. They sold their bitcoin to someone who hasn’t been as lucky, because they bought when the price was at its highest, ind the hopes that the price would continue to climb.
It’s pretty much a zero-sum game. For someone to earn something on crypto, someone else has to be left either losing something, or holding onto something in a desperate hope that the price will explode again.
No, they enjoyed the return of investing in a new asset class that is growing larger every week, month and year.
Cryptocurrency is a currency and a resource. It’s as much a zero-sum game as gold, stocks, real estate or credit cards, and all those sums are dynamic as he’ll.
Stocks in principle are used to represent ownership of a company. Companies sell things, and should provide returns, if nothing else as their assets grow due to profits.
Real estate, while it does not grow exactly, is needed for almost everything else. People need places to live, places to grow food and other crips, places to build schools and factories and restaurants and so on.
You’re right that gold is the same as crypto currency though. It’s valuable because we have all decided that it is valuable.
I have no idea what you mean by credit cards. That is not an investment. 😅
Well they enjoyed a historical return off of the people who bought too late. It’s not like their money spawned out of nothing. They sold their bitcoin to someone who hasn’t been as lucky, because they bought when the price was at its highest, ind the hopes that the price would continue to climb.
It’s pretty much a zero-sum game. For someone to earn something on crypto, someone else has to be left either losing something, or holding onto something in a desperate hope that the price will explode again.
No, they enjoyed the return of investing in a new asset class that is growing larger every week, month and year.
Cryptocurrency is a currency and a resource. It’s as much a zero-sum game as gold, stocks, real estate or credit cards, and all those sums are dynamic as he’ll.
Stocks in principle are used to represent ownership of a company. Companies sell things, and should provide returns, if nothing else as their assets grow due to profits.
Real estate, while it does not grow exactly, is needed for almost everything else. People need places to live, places to grow food and other crips, places to build schools and factories and restaurants and so on.
You’re right that gold is the same as crypto currency though. It’s valuable because we have all decided that it is valuable.
I have no idea what you mean by credit cards. That is not an investment. 😅
Gold is used as a store of value but at least some of it also has practical use in industry, electronics and as jewellery.
https://www.gold.org/about-gold/gold-demand/by-sector
That’s fair, but lots of metals have practical use but don’t have the historical place as a store of value.
You really do have no idea. Works out for those that do, I guess.
The final resort of the cornered cryptobro: You just don’t know how it works.
Flail, it’s funny for the “cryptobros”.