Thanks, but I do fine without the luck. Sure, everything will most likely end when the universe collapses, but actually my investment time horizon is usually substantially shorter.
Do you really think that I'm trying to recruit the naysayers? Do you believe there is even a 1% chance I can convert an ET who's against bitcoin/cryptos into buying into the cryptos space? No and no, I don't care if you or the others buy or don't buy. I'm invested in cryptos and very happy I did. What I do mind is if someone posts calling a person who invests in bitcoin/cryptos as idiot or stupid, or moron, and that is a fair reaction on my part. I also don't appreciate that my investment choice is always being compared to the tulip mania or dotcom bubble. Bitcoin is not a plant, or a company, it's a decentralized, trustless, peer-to-peer cryptocurrency and to understand it better, there many resources out there that explain it in great detail. Don't belittle it by comparing to tulips or pets.com. How long did the dotcom bubble last? https://en.wikipedia.org/wiki/Dot-com_bubble "The Nasdaq Compositestock market index, which included many Internet-based companies, peaked in value on March 10, 2000, before crashing. The burst of the bubble, known as the dot-com crash, lasted from March 11, 2000, to October 9, 2002.[3][4]? How long did the tulip mania last? https://en.wikipedia.org/wiki/Tulip_mania Tulip mania reached its peak during the winter of 1636–37, when some bulbs were reportedly changing hands ten times in a day. No deliveries were ever made to fulfil any of these contracts, because in February 1637, tulip bulb contract prices collapsed abruptly and the trade of tulips ground to a halt.[36]
It is a shame they failed. I thought the sock puppet was funny. But...Bad business model I guess. (And IIRC, that model became, "we need to sell all our stuff at a loss to keep up. We can survive this! Yikes!)
I'd argue that if you are very confident in your decision then it should show. Why waste the energy, time, and emotion getting worked up over a naysayer? Tulips were in existance a lot longer than 1636 to 1637. So the mania part lasted about 2 years. A lot of people did not know what bitcoin was until CNBC added the bitcoin ticker and started talking about it every 15 mins? The same logic that you present above would also prevent people in 1999 from comparing the Tulip bulb mania to the dot-com mania. Since after-all, companies are not plants. Honestly, the libertarian part of me would like to see some store of value develop outside of government reach. So I'm not really against the concept. I just don't think it will work...time will tell.
Johnny Arb has been on here for at least a couple years. He's very knowledgeable about this stuff and is very realistic as to what is going on at any particular point in time. He's not a pumper, rather he's a great asset to have if one has a legitimate question and wants an honest straightforward answer. That's my take anyway.