Quote:
Originally Posted by chubeyr1
Yet if you invested that money 2 years ago into bitcoin then sold at its all time high it would be worth 2 million dollars.
Cherry picking numbers. You are not wrong, neither am I.
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Well, if you bought $100,000 worth two years ago and sold at the peak you’d have about $600,000 actually.
But I believe the point is that suggesting Canadians should invest in things like bitcoin (which, to add another layer, PP holds, so any investment in it benefits him directly) to excuse themselves from inflation is dangerously moronic given the fact that the peaks are more rare than the valleys, and they could easily lose half their investment in any given stretch of a few months.
And that’s really saying nothing about the crypto currencies that have crashed way, way harder.
And the fact that if someone invested $100,000 when PP started advocating for it, they would’ve already lost $40,000. That’s not cherry picking, that’s reality for anyone who was dumb enough to take his advocacy as gospel and invest when he started tooting that horn.
EDIT: saw your follow up, and yeah, I agree, not a lot of inspiring options. Hopefully someone better than PP can take the nomination for the cons but who knows.