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clpmsf | 2 years ago

People will always have a want for more ways/things to bet/gamble on - it just seems to be something in our nature.

discuss

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elif|2 years ago

The only losers in bitcoin are the ones that stopped. Any 5+ year holding has been ridiculously profitable.

In gambling, the longer you continue, the more certain it is that you will lose. Bitcoin is a uniquely ironic form of gambling if it's gambling at all.

koolba|2 years ago

We’re still below the all time highs of about $68K so will need 3 more years to see if that theory plays out.

czl|2 years ago

> Any 5+ year holding has been ridiculously profitable.

The more remarkable a short history the more likely it is not sustainable: Beanie babies, tulips, etc.

In a zero sum investment for every win there is a loss. Bitcoin however is highly negative sum. For every win there are far more losses. Who do you suppose pays hourly train loads of coal turned into CO2? How many years now?