Bitcoin has been there for only 12 years and only a handful of people believe it in intial days ans slowly the adoption increased and yet still many claims it is not best source of investment and highly risky or bubble which can Burst anytime.But in actual it has given holders unexpected returns and who have invested $1 only or say bought one bitcoin at that time and now it's around $40k with only holding.
I understand that people could have invested in bitcoin in the early days.. but personally, I am starting to consider that it might be a wee bit unfair to be comparing bitcoin's price performance from those pre-2013 years...
But, of course even if we use later dates as a reference point, bitcoin still beats gold hands down, and it is quite likely that bitcoin is going to continue to beat gold for many years to come.
Some people believe that bitcoin is 100x or 1,000x better than gold, and I cannot really dispute those kinds of claims, even though currently the market price of bitcoin is about 7%-10% the size of gold's market cap, so yeah, it should be pretty easy to reach parity with gold's market cap in this cycle or the next cycle, and maybe even those greater numbers of 10x, 100x, and 1,000x gold's market cap after a few more cycles.. should be doable.
If you compare the prices with any other asset like share prices of Major companies like Tesla, Microsoft,Google and others listed on S&P 500 index you will find btc most profitable.
Of course.. bitcoin in likely going to continue to have great relative performance, and of course, we do not have guarantees.. but many of us surely do recognize bitcoin to continue to be a great investment, relatively speaking..
Many shitcoiners make comparison of btc with their coins like btc has grown only 10-12% and their shitcoins have given 300% profit but they ignore the fact that btc market cap is more than $700 billion and prices above $38k which requires huge amount of investment to move the prices upwards but still they are moving and on the other side their shitcoins have comparitavly very less market cap and it's easy to move and manipulate the prices but they keep on repeating same shit.
Fair enough, but I doubt that we ONLY need to look at performance.. because in the short-term there might be products (or shitcoins or crypto projects) that outperform BTC.. .. and bitcoin is the leader of the sector.. including the paradigm shifting technology that the others are trying to imitate.. and largely snake oil salesmen.. so sure, some of us can recognize such difference.. but does not necessarily mean that some of the others might not be pumped more than bitcoin...
Gold has market cap of around $11.45 trillion and managed to be people's favorite choice of investment but with technology taking over the preferences changed and now gold is not as much in demand and risk taking investors prefer btc as they know it will provide good returns to them.You simply scan a QR code and make million dollars payment with nominal fees but you can't take your gold bars always along with you and if they are not providing some good profits also.
Of course, if we look at portability, divisibility, verifiability and even costs in holding and transacting, bitcoin should be appreciated as quite superior to gold.. and time will likely continue to show that.. even though bitcoin is less shiny.. but isn't shiny overrated, at least in terms of storage of value properties?
Bitcoin is taking over.
Gresham's law
Am I the only one who thinks that people are posting here for merit when they suddenly change the topic of the post or does not even relate to any of the previous posts?
Hm? not sure about your point, ImThour.
This is by far the most merited thread on the forum... and has been that way for a long time (ever since the merit system went into place in early 2018), so I am not sure about what is your concern, exactly.
If members here are posting in order to attempt to receive merit, and if peeps who have smerit want to send them smerit for their post, then so be it... no? Sure, sometimes some of us sending smerits might sometimes regret sending some smerits to some members.. but what we going to do? Do we need to receive better education regarding what might be a meritable post (somewhat subjective, no?) ?
which maybe educating some of us is what you are wanting to do, ImThour, no?
Furthermore, yes some pandering seems to take place in this thread and in other parts of the forum, as well, but if there might be some kind of abuse that some members should not be sending smerits, then maybe report that conduct, no? not that I am trying to encourage reporting for the sending of smerits. because there is nothing against the rules in forum members trying to receive smerits, but there might be some thing against the rules if merit sources are abusive of their sending of smerits .. such as seeking compensation for sending smerits.. even though the current standards do seem to give quite a bit of discretion to merit sources, absent if you can identify some kind of high level of abuse that might be going on...
In any event, members seeking the receipt of smerits seems to be a feature of the current forum merit system, not a bug.. at least from my understanding...
Maybe you could either outline your concerns a wee bit MOAR better or perhaps send a PM to any source member who you believe might be bordering on problematic smerit sending behaviors.. buy the way, regular members don't really have restrictions regarding how they send their smerits.. well not the same level as merit sources (and not that merit sources have a lot of restrictions either, absent abuse categories that I already mentioned).
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