Besides the miners that HODL since the early CPU and GPU days, and a lucky few who bought and cashed out before the last bubbles had burst, the majority only lost money.
Of course. Bitcoin is a zero-sum game. Bitcoin doesn't generate any revenue or produce anything. For every win, someone else loses. Exactly the same as gold.
The same as stocks, the same as futures, the same of the universe, the same of the atoms...
Welcome to the jungle baby, it's the survival of the fittest
you guys are wrong. bitcoin is not a zero sum game, as ultimately it's use is when its converted to fiat for purchases.
therefore if it gradually appreciates against fiat, the holders of bitcoin as a group would gain. The holders of the fiat would lose. But bitcoin would be a net winner.
Wrong. Bitcoin is a zero sum game. All the purchasing power of bitcoin comes from fiat invested in it. And there is only so much fiat in it as it was invested. It's mathematically impossible for everyone to have more purchasing power than before. Someone has to lose. It only seems that everyone is winning while majority is holding and not trying to realize their profits.
bitcoin gains in purchasing power because more and more goods and services are being exchanged for it.
the bitcoin economy is growing rapidly while the bitcoin inflation rate is decreasing exponentially.
that is another reason why bitcoin's purchasing power is going to be alot higher in the future.
