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by eric_cc 1078 days ago
> Forgive me, I know little about crypto, and am bearish on it

Forgive me, how can you form a bearish opinion on something you know very little about?
1 comments
LikesPwsh 1077 days ago
It's not possible to sustain a magic money box where everyone can put money in and get more out.

Many people get that far in their thinking, realise cryptocurrency is a bad investment, and leave it there.

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eric_cc 1073 days ago
Bitcoin IS money. Record high numbers of people are onboarding to bitcoin and not coming back to fiat. It’s just as much an “investment” as the US dollar is.
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wonderwonder 1077 days ago
The S&P 500 would argue otherwise
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unmole 1077 days ago
Right, 500 of the largest public companies in the largest economy, is equivalent to a magic money box. It's not like they collectively have hundreds of billions in revenue or anything.
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ashwagary 1077 days ago
>The S&P 500 would argue otherwise

As a matter of fact, every scarce asset with steady demand would argue otherwise.

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