[mrb]

«In the stock market with diversified investments, even if the market crashes, historically you would have always recovered and then some within not very many years so long as you didn't do the stupid thing and panic and sell during the crash in an attempt to time the market.»

Same with Bitcoin. There is no difference between the all-time SP500 chart and the all-time BTC price chart. In both cases, historically anyone who holds long enough ("within not very many years") eventually makes money:

• https://dividendtotalreturn.net/wp-content/uploads/2017/08/C...

• http://bitcoin.zorinaq.com/price/

I'm not saying people should dump their savings into BTC, just that your argument isn't a good argument to defend the SP500. An SP500 index fund is great for other reasons, namely: it has a great track record and you can't really go wrong with investing in ~500 of the biggest American companies.

[waterphone]

This is a pretty ridiculous argument to throw your weight behind given that there is a significant difference in timescale: 61 years vs. 9 years.

[mrb]

...which is why I said it had a great track record :) The problem I had with your post is that you implied long-term BTC holders were not recovering their investment, which is plain wrong.

[waterphone]

That wasn't my intended implication, I was suggesting just that in the long term there's a far greater track record of positive growth in the traditional stock market compared to Bitcoin.