richard5za wrote: Wed Apr 26, 2023 9:10 am
Cool Breeze wrote: Tue Apr 25, 2023 1:31 pm
If it is too uncertain why is it the best asset class over the last 10 years? There are some things that we have to rely on, which are factual. If you don't like it, or think it can go to zero, just say that. But if you're looking to "grow your capital" and you're not in BTC, you're just doing it wrong, or don't know mathematics. It's quite basic.
Cool, crypto is a digital representation
of value that is not backed by anything real; the value
of BTC is determined soley by the market; real asset classes such as US Technology also have a market value which is determined by the market but also (NB) have real assets and therefore values independent
of what the market thinks. I have mentioned US Technology because it is the best performing class over the last 30 years.
If you make a fortune out
of gambling on BTC I shall be happy for you
On the subject
of maths, yes I do understand maths and am probably in the top decile, but I am failing to see a strong connection between the BTC chart over the last 10 years and maths. Perhaps enormous volatility which is very difficult to mathematically predict?
It is backed by energy. You still don't know this? What makes the BTC network, do you really think people just assign fairy tale beliefs in it? Or does it solve problems? Indeed, it does all
of the above. It's value to humans is IMMENSELY greater than gold, which is something that has value also due to our conception
of it, and also takes energy to find and isolate/purify.
The BTC network isn't "real"? How so? I'll wait.
Since BTC came around, what performed better? Oh yeah, BTC did. And it will again.
One thing you could predict is that with volatility also comes major moves (yes, both up and down). But BTC's history keeps going up and up and up, and all you can focus on is "volatility" which shows me that you still won't let yourself be honest about it. So I wonder, why is that?