[pototo666]

I would argue that crytpo is not pure lottery. It's a risky investment. As every assets, crypto can be over-valued or under-valued.

As someone from China, where central government limit foregin currency exchange, Bitcoin is a god-given tech. I'm not arguing for its value and i don't mean to persuade anyone. This is my opinion. I believe in its value. And guess what? I miss the crypto train too. And I have zero crypto investments. Because I don't want to take unncessary finantial risk when I cannot. I didn't borrow to bet on Bitcoin. In fact, I didn't bet at all. I didn't envy those who bet and win. Because there 100 losers for each winner.

Hard working provides higher expected return than betting.

Wise investmens and hard working provide higher expected return than hard-working alone.

Just my personal thoughts.

[disillusioned]

It's a risky investment in the exact same way a lottery ticket is a risky investment: unless a particular lightning bolt of luck strikes you, it stands to reason that no underlying value is being created to return to your investment, _particularly_ for the shitcoins. They're just "toss a few thousand dollars at the dartboard and see what pumps" pure luck. As evidenced by the falling knives people are trying to catch right now.

[pastacacioepepe]

> I would argue that crytpo is not pure lottery. It's a risky investment.

Unless you have funds to throw on it and you become rich without ever moving a finger. I mean yeah, congrats for your ability to "see" the future, but I struggle to understand how you created any value, how there's anything more than luck and income inequality to support a case for your new wealth to be legit. You're just extracting value from whoever came after you, in what is a classic Ponzi scheme.

If you already had capital to begin with, you never even really "risked" on it. If you have $10 milions and you risk $1 milion, that is in no way a risk comparable to someone who owns $1k and risks $100.

> As someone from China, where central government limit foregin currency exchange, Bitcoin is a god-given tech.

Why? Most usage of crypto I see is either tax eavsion or on the black markets. Drugs, weapons, fake ids and much much worse. China is doing well and the rest of the world is considering limitations on crypto as well.

> Wise investmens and hard working provide higher expected return than hard-working alone.

I agree on this, but fuck this world where you can get richer than people who work without doing any hard work.

[pototo666]

> China is doing well and the rest of the world is considering limitations on crypto as well.

Well, it depends on how you view the condition. I believe that a citizen should be able to change any local curreny to foreign currency. If citizens are not allowed to do that, they are exploited by the governemnt, who can simple print money to finance its corrupted operation. And that's what happen in china.

I don't care about the price of bitcoin. I care about the ability of moving my money wherever I want.