[dadoge]

What about anyone who fully understood its value proposition and held for a 3-4 yr timeframe?

EDIT: let’s check back in in 1-3 yrs here and see if people who bought last year and held are doing :-)

[cuteboy19]

I'm sure such people exist, its just that there are probably more losers than winners in this net negative game.

Analogously, there are some people who have won a lot of money from casinos but the average gambler loses money because the house always wins. Miners are 'the house' for this analogy

[dadoge]

I don’t buy that analogy one bit.

BTC supply is growing at a rate of less than 2% now. 90% of the supply is already mined.

Miners play a very small role now in getting new supply

[jazzyjackson]

mining rewards in the form of new supply is not the only way miners make money - they are the house because they take a cut of every transaction. admittedly I don't know the ratio, and I've always been puzzled by the end game - will fees continue to rise as the difficulty ratchets up such that the only incentive to mine is transaction fees? Anyway they can keep winning regardless of price volatility.