like i said when your on a pyramid ride to the top you can't see that there is a top you are blinded by greed. is the mining and maintenance of all this everything it takes to keep a coin alive worth it? think of the resources used and ask yourself does that have any value? did someone pay the electric bill? but the computers? maintain the computers? what about the countless manhours of programming? other investments don't need all that shit and someday the cost of doing transactions with electronic coins will far outweigh the benefits. when that happens you going to take over and build out a data center at your expense to keep it going? fuck no you will be stupefied what to do and shit your britches...
Someone has done an analysis of crypto vs. banking payments with regards to cost. The comparison is not even close in favor of crypto. I'll post the comparison if I come across it.
Correct, and what would you say to someone that is talking about an unrealized PnL? nothing really, because you know that until they close their position everything is just a number. Statements are quite different on the contrary, once you have closed your positions, of course.
It's getting to the point where if you call bitcoin a scam you would have to call every company in the S&P a scam too lol. Price has also endured multiple 80% drawdowns and survived. Don't forget that bitcoin and gold were the same price in 2018. Think about that next time you want to tout tangible goods.