With so many skeptics and so many LOLs, it’s far from the top. What percentage of people here ever bought or sold cryptos? 10%?
Seems that Asia and Europe are leading in Bitcoin investment. US is lagging in terms of investor participation rate and enthusiasm. Maybe because our media is so obsessed with politics and leaves little space for Bitcoin reporting? Social media and word of month will make Americans obsessed with cryptos soon
If there were more media reporting, I would have bought Bitcoin years ago
Don’t count me in as one of the skeptics… I’ve always been adverse to commodities investing… I wasn’t lured into buying gold at all even back in 2008… I held on to my stocks even after they crashed more than 60% and gold prices were increasing like no tomorrow…
When you need to use the term “gamble” to describe an investment, the writing is already on the wall… but don’t blame me if bitcoin did in fact shoot up another 1000% from here…
Coinbase is popular in US. You can just buy and sell and no need to dig into too much technicality.
Crypto is a very risky investment. I’m ok to take a total loss with my investment, do not blame me if it crashes
I’m too lazy to study thousands of stocks. Crypto is something you don’t need to spend too much time. I think this simplisity is one reason it can become a favoriate speculation for mass population and make massive gains.
To be honest, I have no idea whether Bitcoin could become a real currency and people would exchange it for consumption instead of speculation.
I’m speculating on cryptos and not investing. This is my disclaimer
I’m going to stop talking about crypto’s fundamental utility and value, will only look at chart and look at mass psychology
I definitely don’t view it as an ‘investment’. Just curious what are the preferred methods to throw the dice. Something like which game on the casino floor has the best odds of winning and hence is preferred (blackjack and poker)
Did Buffet comment on Amazon before 2001? Amazon was the heavily ridiculed dotcom and it turned out well
Ebay is another one. Even yahoo was purchased by Verizon for real cash
How will Bitcoin turn out 20 years later? I do not know. Right now, people speculate on it, just like people were speculating on Amzn in 1999. As of now, Bitcoin definitely is massively more risky than AAPL
Bitcoin is commodity? Thought is currency. Tried commodity trading, lost a bundle. Haven’t tried currency trading yet.
That is a logic fallacy. Very few bloggers here buy bitcoin means it has a lot more to go up. Very few people buy RE in Detroit means Detroit has a lot more to go up.
