Cryptocurrencies

[pyroguy]

Originally Posted by Franky de Jong

I can’t but agree with you, pyroguy! On the other hand stock market has been showing similar volatility these days

The stock market doesn't have +100%, -200%, +400% swings. It may be down right now, but since inception, including the crash, it has averaged about 12% ROR.

[asthmamax11]

Originally Posted by pyroguy

The stock market doesn't have +100%, -200%, +400% swings. It may be down right now, but since inception, including the crash, it has averaged about 12% ROR.

-200% huh ?

Nothing has come CLOSE to the ROI of Bitcoin since the inception of the stock market
It has hands down been the best asset to buy during bear markets.
Math isn't for everybody though

[pyroguy]

Originally Posted by asthmamax11

-200% huh ?

Nothing has come CLOSE to the ROI of Bitcoin since the inception of the stock market
It has hands down been the best asset to buy during bear markets.
Math isn't for everybody though

Volatility can be extremely dangerous. If Bitcoin is so great, how come everybody isn't swimming in money? Are you a multi millionaire yet? It seems like you and everyone talking about how great Bitcoin is would be able to have countless amounts of money with how great of an investment everybody already talks about it being. The problem is so many people lose everything they've put into Bitcoin, but you hear the occasional success stories and the wild swings are exciting. If it works as an investment strategy for you, then good for you. It just shows what kind of class act you are when you insult someone who has a differing opinion you have other than offering actual statistical evidence to back up your opinion.

[pyroguy]

For all of you who thought I was an idiot for not investing in cryptocurrency, listen to what is going on now:
https://youtu.be/q8SCoulVEjo

[akf1959]

I bought Chainlink for $1.78 held it for a few years then sold some at $40 to buy my house in cash. Not a bad investment. Still hold Egld and Chainlink.

[asthmamax11]

Originally Posted by pyroguy

Volatility can be extremely dangerous. If Bitcoin is so great, how come everybody isn't swimming in money? Are you a multi millionaire yet? It seems like you and everyone talking about how great Bitcoin is would be able to have countless amounts of money with how great of an investment everybody already talks about it being. The problem is so many people lose everything they've put into Bitcoin, but you hear the occasional success stories and the wild swings are exciting. If it works as an investment strategy for you, then good for you. It just shows what kind of class act you are when you insult someone who has a differing opinion you have other than offering actual statistical evidence to back up your opinion.

-200% ?

Math one of your strong suits ?
I don't think investing/math is for you.
1-2% of your portfolio in Bitcoin is a good idea.
When price crashes you buy
When market is going bonkers you sell

[asthmamax11]

Pyro guy don't burn your High School diploma yet
Bitcoin is worth the risk