Post
Topic
Board Economics
Re: Bitcoin believers/investors are foolish or low IQ people ?
by
mazdafunsun
on 11/06/2019, 13:16:03 UTC
Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

My website: https://dangerousmother.com (for real world out there)

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

I am not sure what exactly is your opinion.
But talking about apple stock vs bitcoin, just think how much money apple stock should get invested to go much further. Recently it hit 1 TRILLION USD valuation. There is no unlimited source of money in the world, it can NOT keep going up for ever. On other hand think of how much BTC would cost if it hit 1 Trillion in valuation.

So no, BTC has much more upside potential than some Apple stock.