Bitcoin failed to deliver.

[virtusa]

It's hard to lose money when you don't make any trades.

But for you it seems easy to lose once you trade.
All trades succeeded.

 

[johnarb]

It was supposed to be a hedge against inflation and an uncorrelated asset class.

Bitcoin is a hedge against stupidity

I'll hold you to that, no excuses?

Yo, in case you forgot

No schadenfreude on my end for those who lost money of course, so don't take it personally.

There is schadenfreude on my end. I'm sorry, but please don't take it personally

 

[jbusse]

Bitcoin is a hedge against stupidity




Yo, in case you forgot

View attachment 341552



There is schadenfreude on my end. I'm sorry, but please don't take it personally

Bitcoin being a hedge against stupidity is something I think about often. Every time the U.S. Congress stupidly spends money it doesn't have, and every time the Federal Reserve Bank stupidly prints money to fund Congress's overspending, I'm more confident in bitcoin's future. Like johnarb says, we sleep well at night.

 

[d08]

Bitcoin is a hedge against stupidity




Yo, in case you forgot

View attachment 341552



There is schadenfreude on my end. I'm sorry, but please don't take it personally

You actually set a reminder, impressive (I had completely forgotten). And yes, you were right.

 

[johnarb]

You actually set a reminder, impressive (I had completely forgotten). And yes, you were right.

Thank you kind sir

(I also forgot about it, but remembered to look it up today, tbh I thought I had missed the deadline, bitcoin went above 70k several times already in the past 3 months...)

 

[charlotte_daily]

A rather old thread, but every time I check this page and it hits my eyes, never stops me from laughing at the title honestly

 

[Laissez Faire]

A rather old thread, but every time I check this page and it hits my eyes, never stops me from laughing at the title honestly

Why?

 

[Baron]

Why?

I'm assuming charlotte_daily means that the thread title was pretty critical of bitcoin at the time, yet the price of BTC has been hovering around the all-time high for almost four months straight.

 

[Laissez Faire]

I'm assuming charlotte_daily means that the thread title was pretty critical of bitcoin at the time, yet the price of BTC has been hovering around the all-time high for almost four months straight.

I have a hunch sweet Charlotte is a bot, but I may be wrong.

Anyway, I don't see any proof that the view in the thread title was wrong. Bitcoin have rallied along with risk assets in general as equities are now trading at ATHs. Just like it plunged earlier along with equities.

I suspect that BTC will sell off again in a future correction.

That's not an argument against Bitcoin per se as an investment - just suggesting that it's highly correlated to equities and general risk appetite in the financial markets. Maybe that wasn't the case in the early days.

 

[Baron]

I have a hunch sweet Charlotte is a bot, but I may be wrong.

Anyway, I don't see any proof that the view in the thread title was wrong. Bitcoin have rallied along with risk assets in general as equities are now trading at ATHs. Just like it plunged earlier along with equities.

I suspect that BTC will sell off again in a future correction.

That's not an argument against Bitcoin per se as an investment - just suggesting that it's highly correlated to equities and general risk appetite in the financial markets. Maybe that wasn't the case in the early days.

Yeah, it will be interesting to see how BTC holds up during the next market downturn. Will enough hodlers hold on and not capitulate? Or will it be another asset that sells off like everything else when the macro environment gets weak? We'll see.