Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I am here to try and gain perspective into why people think that bitcoin is such a solid investment. In the real world there is no such thing as guaranteed returns, yet so many people here are applauding every time a man sticks his entire retirement fund into bitcoin or a kid who has been saving up for college hears about how bitcoin can double his money in a week decides it would be a good idea to put in all into bitcoin. You welcome these vulnerable naive people with open arms. It is you sir who is deplorable.
you're a dick, everyone knows bitcoin is volatile and most enter with only what they are willing to lose - there is mention of weak hands being played here, I don't think there are that many - more like greedy hands and greedier hands, selling on the way down with the intention to buy back in but I guess we'll see within a couple of days.
you also talk about the top 50 owning 30%, I don't know if that's true but in the fiat world the top 1% own 41%, the top 10% own 86% and we know they are for the most part, evil mother fuckers so bitcoins distribution is still a definite improvement.
I guess that puts me somewhere between deplorable and meh.
