dino, I can understand where you are at on this thread. years back I would try and defend the Wings in FOI and just get drowned out by trolls. So I think I know what you are feeling that people are just trying to be dismissive of you and you feel you have a solid argument.
I follow this thread as the topic interests me. I've piped in once or twice trying to get better understandings of things. And what I think I still fail to grasp is WHY bitcoin is a strong investment.
I think what people take issue with in your approach is that when questioned about the topic the responses are pretty much 'buy low, sell high' and there is no ceiling to the price.
When I hear things like that, it doesn't sound so much like a strong investment decision based on research or a tea reading of where the markets are going, but honestly more like a pyramid scheme. (please note, I very much hate using that term. I don't want you to be dismissive of this because of it, but there really is no better way to describe it from my perspective)
I've asked before about what indicators there are that show you or anyone else when a good or bad time to buy/sell bitcoin is. All I ever see in this thread from anyone supporting bitcoin is just 'watch for the dips and buy more' but even that is not understanding when or why a dip will occur. It is just accepting the fact that the currency really does seem to be built on hype and that at times people get spooked and a sell off happens.
I am super stoked for you that you have made out like a bandit. Heck, I'm jealous I didn't take it seriously years back. But from the perspective of someone that doesn't invest on his own and just throws money into my standard retirement accounts, I just fail to understand the actual fundamentals here.
The blockchain is a cool concept; places like Venezuela have currency problems; We could replace gold as the main place to store wealth; those are all valid concerns but seem pretty disconnected from the hype that drives price up for no other reason than "the price is going to go up" why? "because it is"
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Originally Posted by New Era
This individual is not affluent and more of a member of that shrinking middle class. It is likely the individual does not have a high paying job, is limited on benefits, and has to make due with those benefits provided by employer.
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