Here you go:
Over the past two years, an S&P 500 index fund has been a far better investment than Bitcoin. But even for those who got in early five years ago, Bitcoin has done only a bit better than the S&P.
Where's the fun in that? If you're going to end up in the same place as the most boring stock index in the world, why not just buy the index and be done with it?
There's a word for this. And that word is sucker(s). Same word can apply to many of the Trump voters.
But.. blockchain!!
Blue dot over yellow dot is not the same place
The peaks in that blue line look very pyramidy...
But think of all the things you can buy directly with Bitcoin, like a luxury suite season ticket to Oakland A's games.
OK, maybe that's another reason to stick with an S&P 500 index fund.
Due to the scale that is a very misleading chart. The difference between a 50% return a 100% return is pretty massive when not being compared on an 800% scale.
The whole point was always and forever to try and buy low and sell very high. The "I could get rich before I'm 60!" aspect of Bitcoin was always the draw for most of the people who bought into it. Anybody who takes it seriously as an investment, or tries to compare it to other investments, doesn't really understand that it's just a confidence game. (Yeah yeah, stocks are too, but stocks are tied to real-world value to greater or lesser degrees, while bitcoin has no real use-case as a currency and isn't tied to real-world assets or services.)
A stock that doesn't pay dividends isn't tied to any real world value whatsoever.
Bitcoin investing = great fool theory.
works if you find a greater fool....