Bitcoin is unfair to the non tech-savvy - page 8.

Dalmar

hero member

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Life is short, practice empathy in your life

Quote from: John999 on July 12, 2014, 07:32:47 AM

Quote from: Dalmar on July 12, 2014, 06:28:20 AM

I don't get people who complain about having missed the boat on bitcoin. There are many penny stocks or sometimes even regular stocks that go up a lot more than bitcoin. So what? You can still trade it and profit from it.

I have never seen a penny stock or regular stock grow the equivalent of 12 million% in 4 years like bitcoin. Correct me if I am wrong.

The only difference is that penny stocks get dumped, but bitcoin continues to get pumped. However, every year there are a good number of penny stocks that outperform bitcoin, not suggesting it's wise to buy those relative to bitcoin - but there are many.

John999

newbie

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Quote from: Dalmar on July 12, 2014, 06:28:20 AM

I don't get people who complain about having missed the boat on bitcoin. There are many penny stocks or sometimes even regular stocks that go up a lot more than bitcoin. So what? You can still trade it and profit from it.

I have never seen a penny stock or regular stock grow the equivalent of 12 million% in 4 years like bitcoin. Correct me if I am wrong.

kerafym

full member

Activity: 224

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THE GAME OF CHANCE. CHANGED.

Quote from: John999 on July 12, 2014, 07:32:47 AM

Quote from: Dalmar on July 12, 2014, 06:28:20 AM

I don't get people who complain about having missed the boat on bitcoin. There are many penny stocks or sometimes even regular stocks that go up a lot more than bitcoin. So what? You can still trade it and profit from it.

I have never seen a penny stock or regular stock grow the equivalent of 12 million% in 4 years like bitcoin. Correct me if I am wrong.

Bitcoin is a black swan. Normally, black swan only occur once in few millions year.

Hyena

legendary

Activity: 2114

Merit: 1015

Quote from: Dalmar on July 12, 2014, 06:28:20 AM

I don't get people who complain about having missed the boat on bitcoin. There are many penny stocks or sometimes even regular stocks that go up a lot more than bitcoin. So what? You can still trade it and profit from it.

That's a good argument, in case you're right.

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

I don't get people who complain about having missed the boat on bitcoin. There are many penny stocks or sometimes even regular stocks that go up a lot more than bitcoin. So what? You can still trade it and profit from it.

Hyena

legendary

Activity: 2114

Merit: 1015

Bitcoin traders are sometimes accused of unfairly profiting from an opaque asset beyond the understanding of ordinary people.
http://www.newyorker.com/online/blogs/currency/2014/07/bidding-on-bitcoin.html

Yesterday I met a couple of my old classmates on the street. They asked about Bitcoin and started to whine that most people don't understand the mathematical fundamentals behind Bitcoin and therefore had no realistic chance to invest when it was cheap. Of course, I encouraged them to invest now (better late than never) but seems that people generally rather enjoy wallowing in their own self-pity than take steps to adapt and overcome.

Even in this forum I have seen demeaning opinions about people who bought in when Bitcoin was trading single digits --- "they are not real investors and their earnings are equivalent to winning with a lottery ticket".

I can see that these issues can raise some negative emotions and Bitcoin has even not risen to 6666$ yet Cheesy

. What's the worst case scenario to follow? Bitcoin Jesus getting beaten up by angry conventional Warren Buffer apprentices?

Topic: Bitcoin is unfair to the non tech-savvy - page 8. (Read 7493 times)