Bitcoin is dead...

[HolyGrailSeeker]

Really? Inflation doubles my money's value? Who would have thought? You should be a Fed chairman....

Doubles the money supply, diluting it is what I meant.

 

[IamaMars]

The first thing is to understand what the risk is.
The risk that Amazon will drop more than 80% in less then a year is close to zero. For the bitcoin that risk was real as it happened. If you cannot make a realistic estimation of the real risk you are surely not able to manage that risk, as you don't even understand/know the risk.

I don't know anybody who got struck by lightning and died, but I know quite a few people who lost money in bitcoins. So there the risk of an event happening is completely different too.

I choose not to invest in bitcoins but to (continue, as I was trading before the bitcoin was created) trade futures. I am sure that my profits are far beyond the average profit that "average joe" made with his bitcoins.



If bitcoin is considered as a currency then it will be one of the weak currencies as it lost in less than one year 80% of it value. It belongs in the category of:

• Iran rials
• Vietnam dongs
• Sao tome dobra
• Indonesia rupiah
• Belarus roubles
• Laos kips
• Guinea frans
• Zambian kwacha
• ...

https://www.therichest.com/rich-list/poorest-list/the-worlds-15-most-worthless-currencies/

True. I also don't believe that bitcoins have a place where currencies are being counted, and that the risk should be considered without making any baseless claims. People have lost through bitcoins, and the risk is real and high. Any trader going for bitcoins should have a plan B and be ready for anything