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by qeternity 1948 days ago
> For the past 10 years you could have kept your money in a savings account or Bitcoin.

The classic false dichotomy by people peddling crypto. Nobody is keeping their money in a savings account. There are productive investments that aren't crypto.
1 comments
solosoyokaze 1948 days ago
What asset class has returned value like crypto for the past 10 years? None.
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qeternity 1948 days ago
Ok, is Bitcoin a super speculative investment, or a savings account? Now you're just moving goal posts.

Ironically, crypto's returns are all due to Tether...which is purely inflationary printing. USDT is what you'd get with the USD if the Fed were run by actual criminals.

Let's chat in a year.

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solosoyokaze 1948 days ago
It's not that it's a speculative investment, it's that the dollar is continuously plunging in value and taking everything tied to it down too.

BTC (and several other cryptos) are the only safe place to store money in the long term.

> Let's chat in a year.

Indeed. No one who's bet against crypto has come out looking prescient.

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jboog 1945 days ago
This is an asinine argument.

The risk profile of Crypto vs an index fund is exponentially worse.

What you should care about is what asset provides you the best return with the lowest risk.

At any time in history you can look back at the past ten years and say "Clearly X stock was the best choice for investors and you're foolish to claim otherwise!"

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throwaway829 1948 days ago
I’m pro crypto but this statement could of been made during the tulip mania. I think the better argument is being free from central bank devaluation of hard earned savings.
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adriancr 1948 days ago
Stock market... derivatives...
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solosoyokaze 1948 days ago
Not even close.
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qeternity 1948 days ago
Just curious, what flavor koolaid do you prefer?
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solosoyokaze 1948 days ago
Not sure I understand your question. You can compare BTC to the S&P 500 yourself to see which has offered a far better return over the past decade.
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adriancr 1948 days ago
one example: 500$ to 1M in 1 year on tesla calls.

50k to 15M in GME calls in less then 1 month if you were lucky.

It's all gambling but to say bitcoin is the best source of wealth/gambling shows your lack of experience.

Where would you put your money now that bitcoin is 50k?

I want to compare that to my stock + calls on random meme stocks. (also vs s&p)

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